As of 08:36 BST, Rolls-Royce's share price had given up 1.57 percent to 867.40p, underperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.09 percent lower at 7,251.80 points.
Shares in Rolls, one of the biggest names in British manufacturing, were down 1 per cent at 1053 GMT.
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Total analysts of 10 have positions in Rolls-Royce Group PLC (LON:RR) as follows: 2 rated it a "Buy", 4 with "Sell" and 4 with "Hold". Liberum Capital reiterated a "hold" rating and set a GBX 875 ($12.37) target price on shares of Rolls-Royce in a research report on Wednesday, March 7th. Finally, Deutsche Bank AG boosted their target price on Rolls-Royce Holding PLC from GBX 474 ($5.92) to GBX 475 ($5.94) and gave the stock a "sell" rating in a research report on Monday, December 5th. In Friday, November 24 report Goldman Sachs maintained it with "Conviction Buy" rating and GBX 1208 target.
The company also recently announced a dividend, which will be paid on Monday, July 2nd. Also, insider Kevin Smith bought 284 shares of Rolls-Royce stock in a transaction that occurred on Wednesday, March 7th. It is down 0.00% since April 14, 2017 and is. This represents a dividend yield of 0.79%. The ex-dividend date is Thursday, April 26th. The stock has a 50 day moving average price of GBX 683.39 and a 200 day moving average price of GBX 719.18.
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In related news, insider Lee Hsien Yang acquired 111 shares of the business's stock in a transaction that occurred on Monday, April 9th. The shares were purchased at an average price of GBX 883 ($12.48) per share, with a total value of £980.13 ($1,385.34). In the last quarter, insiders bought 714 shares of company stock valued at $626,300. If you are reading this report on another domain, it was copied illegally and reposted in violation of USA and global copyright laws.
Rolls-Royce Holdings Plc said it will incur extra costs and further disrupt services for airline customers as its carries out additional inspections on engines it builds for Boeing Co's 787 Dreamliner jet. The Company operates through two divisions: Aerospace, which includes civil and defense businesses, and Land & Sea, which includes power systems, marine and nuclear businesses.
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The aerospace and engineering giant said it had made a decision to carry out more checks on the 380 engines now in service with airlines from the "package C" tranche of production, the majority of the 500 in operation.